Islamabad, April 22, 2026 – The Securities and Exchange Commission of Pakistan (SECP) has approved two new Initial Public Offerings (IPOs), signaling continued momentum in Pakistan’s capital markets despite global and regional uncertainties.
The approved IPOs include Sitara Petroleum Service Limited and LSE SPAC-I, both of which are set to be listed on the Pakistan Stock Exchange (PSX). With these latest approvals, the total number of IPOs during the fiscal year 2025–26 has reached 11, reflecting growing investor confidence and increasing reliance on equity markets for fundraising.
In a statement issued on Wednesday, the SECP noted that the steady pipeline of IPOs demonstrates the resilience of Pakistan’s stock market, even amid geopolitical tensions and economic challenges. Analysts view this trend as a positive sign that companies are increasingly turning to public listings to finance expansion and growth.
Sitara Petroleum Service Limited, engaged in fuel trading, retail, and logistics, operates as a dealer of Gas and Oil Pakistan. The company plans to offer 168 million ordinary shares through the book-building method, representing 16.66% of its post-IPO paid-up capital. Of the total offering, 75% will be allocated to institutional investors and high-net-worth individuals, while the remaining 25% will be available to retail investors.
Meanwhile, LSE SPAC-I marks a significant milestone as Pakistan’s first Special Purpose Acquisition Company (SPAC) under the public offering framework. The company aims to raise capital for mergers and acquisitions within three years. It plans to acquire a 19.04% stake in Ningbo Green Light Energy Limited. Its IPO comprises 5 million shares offered through the fixed-price method.
The SECP has granted approval for the issuance and publication of prospectuses for both offerings, paving the way for their public launch. The regulator has advised investors to carefully review all disclosures before making investment decisions, reaffirming its commitment to transparency and investor protection.